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10am December 23rd, 2016

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The capital gains tax is economically senseless. The tax traps wealth in an investment vehicle requiring special techniques to free the capital without penalty.

Multiple ways are available to avoid the tax, but none are beneficial to the economy. Here are 14 of the loopholes the government's gain tax unintentionally incentivizes.

1. Match losses. Investors can realize losses to offset and cancel their gains for a particular year. Savvy investors harvest capital losses as they occur and then use them on current and future taxes. Up to $3,000 of excess losses not used to cancel gains can offset ordinary income. The remainder of the loss can be stored and carried forward indefinitely.

This encourages investors to sell great investment vehicles during a temporary dip only to buy them back again 30 days later for a new cost basis....

Bruce: There is a lot going on out west. Out west been a beehive of activity 24/7, around the clock. The subgroups, Tier 3 are almost complete. They have a few hundred participants to go at this time. Let us call it several hundred left. Those are being worked around the clock now.

They have an estimate completion time for noon tomorrow Standard Pacific time. Are we supposed to start when that ends? Possibly yes. We can't guarantee that though. Is that our start time? I mean notification by way of the 800 number and then the appointment setting for us? We will see. Maybe this will happen before Christmas if that is the case, but the banks are closed on Monday you may say. Yes they are.

One thing we got to remember is that there are redemption centers and banks. Those of us who use the toll free number to set our appointments will be going into the redemption centers. We have approximately 6800 redemption centers in the United States and Canada. That is a lot. We have plenty of redemption centers. The redemption centers are supposed to be open until 6pm Christmas Eve. A lot could happen between now and 6pm Christmas Eve. Will they be open Christmas day? I hope not. Will they start back up on Monday? Could be so. I don't know that. That is a question mark right now. It is very doable that if we get the start, we could start before Christmas.

_firefly_ says to david334():And not to apply the strategies drawn up by the committees and bodies advisers in the Cabinet and in collaboration with the UN and international organizations, of which there were up to 16 strategy have not been put into practice as they are not supporting the days of financial abundance of oil revenues,

and not to go towards building a secure infrastructure sponsoring and supporting institutions Iraqi economy and Iraq enter into agreements and contracts for the long - term aim of developing the oil industry, but the reality of the situation confirms the great damage they would have these contracts,

for example licensing rounds decades, a service contract? How to be a service contract and duration of 20 years? And given how the oil - producing fields , one of the most important fields of Iraq to foreign companies? And why Iraq has signed contracts was originally does not suffer at the time of under funding?...

The World Bank announced an additional $1.5 billion aid package for Iraq, to help the war-torn country implement reforms, improve public services and boost its economy, AFP reported. The package includes loan guarantees from the UK for about $372 million, and from Canada for about $72 million.

"Despite an ongoing war and low oil prices, Iraq is undertaking bold transformational reforms that will safeguard economic stability and lay the foundations for longer term private sector development and inclusive growth for all Iraqis," said Ferid Belhaj, World Bank director for the Middle East.

The reforms also will help to expand social safety nets "to reach the most vulnerable segments of the population," he said in a statement. The bank also approved $41.5 million for a program to improve management of the country's public funds. With the new package, the World Bank engagement in Iraq rises to nearly $3.4 billion, including support for reconstruction of areas...

Molson88: Was I the only one who caught this line in the conference call last night?

Frank26: Quote" What is our time-study?

Dec 20th to Dec. 26th.

Today is Wednesday ... then Thursday ... nah.

But then there is Friday into Saturday ... Oh buddy

Then there is Sat into Sunday ... TA DA!

Again ... there will be no fanfare ... but you will be able to see the rate ... in any time zone after 2PM

I'd like to say that IOO ... the budget was signed ... and you're going to see the budget ACTIVE on December 31, 2016!!!!

This week is an interesting week."

Molson88: Specifically the bigger/boldened text above...I am not fishing for a date or rate or anything but it just struck me as peculiar that Frank would mention this (after 2pm in any time zone) and I have not seen it talked about yet...Maybe it isn't that important to even mention. Like I said, it struck me as peculiar that he would mention this, and I know he says and does everything with a purpose.
....

Don961: If Iraq has huge potential for the future .... then so do we ... IMO

World Bank: Iraq unable to repay his debt because he is one of the richest countries in the world

Baghdad -arac Press -21 December: World Bank description, Iraq "one of the richest countries in the world on the face of the earth."

Middle East director of the World Bank Farid Belhaj said that Iraq is "locked in a deep structural reforms and widespread at the same time, which is fighting a bloody war against the destructive power."

Belhadj said that Iraq's wealth from oil and gas constitute a solid guarantee for the repayment of loans. "

He pointed out that "Iraq is one of the richest countries on earth, Iraq has a huge potential, Iraq has the ability to pay its debts" .anthy (1)

Business & FinanceIs scheduled to announce Arabia on Thursday its budget for the next year in 2017, in anticipation of the Saudi street about the new budget numbers, and be accompanied by economic decisions related to reduced government support, while indicating information were traded yesterday, that the new budget includes a program to provide support for people with income low and medium under the name «financial balance program».According to Saudi media, it is expected to include next year's budget spending of 890 billion riyals, an increase of 6% from the initial estimate of spending in 2016, while likely to reach $ 651 billion riyals, up from 514 billion, which means a deficit of 239 billion riyals ( $ 63 billion).An increase in government spending to strengthen the pace of GDP growth to reach 2% in 2017, compared with growth estimates of 1.7% this year. ...

Dinar Updates Thursday AM Chat 12-22-16 Part 2 of loop says():Who said this?? "Iraq is one of the richest countries on earth, Iraq has a huge potential, Iraq has the ability to pay its debts."subgirl says to loop():WBsubgirl says to loop():middle East Directorloop says to subgirl():Willy Bucannonloop says to subgirl():Bingo ... Middle East director of the World Bank Farid Belhaj .... Whatever they're paying you double it!subgirl says to loop()::D double nothing? lolloop says to subgirl():(y) and loving itsubgirl says to loop():(lol) ...

Dinar Updates Thursday AM Chat 12-22-16 Part 1 of 3loop says():Samir Nasiri: calls for economic media to be a competent and an observer and a contributor to economic reform Business & FinanceEconomy News / Baghdad ...He called an economist and banker Samir Nasiri to be economic media specialist and observers and accurate in the diagnosis of imbalance and economic problems and to be a real proposal squint authorities supervisory contributor and oversight and do not have flags simply directing criticism and accusations without invoking the sources and accurate information.Alnasiri and pointed to an interview with Mr. Prime Minister Patarrkh 12/20/2016 at the weekly press conference to urge the media to be committed to the flags and the flags have supervisory and investigative to get into the wrong Malot and reliable sources for the purpose that the government learned of them for the purposes of processing and accounting. ...

Carlosisan: Listen - after nine years of waiting, and expecting, and being told one thing and then it be something else, when this happens I wil be in total shock. I will take me a couple of days to realize that is ACTUALLY happened.

Rojo: When it happens it will probably be mass hysteria

Pearle: We are all anxious and want this to happen but we have to be professionals and not react so easily

Readnow: Kuwait didn't have as many people involved, and they had not waited this long.
Briona: To me it seems the only way to have a smooth exchange process, would be with 800 #'s and exchange centers, otherwise all hell would break loose at the banks, when millions of Dinarians swarm on them to exchange.

Daz: IT WILL ALL COME TOGETHER WITH A PUBLIC RELEASE AND PERMISSION FOR ALL OF US TO EXCHANGE IN ANY MANNER WE WANT, ALMOST ANYWHERE WE WANT...AND IT WILL BE A SAFE, ORGANIZED, ULTIMATELY FAIR AND REASONABLY SIMPLE BUSINESS TRANSACTION.
....

December 22, 2016 Mnt Goat News BriefHi Everyone,I bring you much news today. First let me say that I don't care who tells you otherwise or what ridiculous story they tell you to substantiate their claim. Read my lips - THE REVALUATION OF THE IRAQI DINAR HAS NOT HAPPENED! The country of Iraq is still mandated to use the provisional rate as dictated by the CBI. This rate is subjected to the market rate of about 1180 - 1300 dinars to the US dollar. I will back up these statements today with FACTS as you read on in today news letter.Okay so a few banks are now selling and buying the Iraqi dinar once again in the western countries. I do not yet see it in Europe. If you can remember back before 2011 many of these same banks also exchanged dinar but then soon pulled away from this currency. So you first have to understand why they did this?

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